Payoneer Global (PAYO) FY2024 results: revenue $978 million, up 17.6% on the year
Payoneer Global Inc. (PAYO) reported revenue of $978 million for fiscal 2024, the year ended 31 December 2024, up 17.6% on the year before. Net income was $121 million, up 29.8%, and diluted earnings per share $0.31. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$978 million
+17.6% on the year
FY2019FY2024
Operating margin
15.2%
12.5% a year earlier
FY2019FY2024
Net income
$121 million
+29.8% on the year
FY2019FY2024
Diluted EPS
$0.31
+29.2% on the year
FY2019FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
177
159
84.0
+10.9%
Capital expenditure
8.2
8.5
10.5
-3.2%
Free cash flow
169
151
73.5
+11.7%
Free cash flow margin
17.3%
18.2%
11.7%
Cash from investing
-1,961
-44.3
5.7
Cash from financing
428
512
1,461
-16.4%
Depreciation and amortisation
47.3
27.8
20.9
+70.0%
Share-based compensation
64.8
65.8
52.1
-1.5%
Buybacks
138
55.4
n/a
+148.1%
Diluted shares, weighted
386m
393m
348m
-1.6%
Shares outstanding at period end
360m
358m
353m
+0.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
725
664
545
+9.1%
Debt
0.0
18.4
16.1
Operating lease liabilities
n/a
n/a
6.5
Other liabilities
7,206
6,600
6,027
+9.2%
Total liabilities and equity
7,930
7,283
6,595
+8.9%
Fixed assets
16.1
15.5
14.4
+3.6%
Goodwill
77.8
19.9
19.9
+291.1%
Intangible assets
102
76.3
45.4
+34.3%
Cash and equivalents
497
617
543
-19.4%
Receivables
11.9
8.0
12.9
+49.6%
Other assets
7,225
6,546
5,959
+10.4%
Total assets
7,930
7,283
6,595
+8.9%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.